Executive Automotive Analyst
NADA Used Car Guide
Wholesale prices drop for 3rd straight month in September, which were down 2% or $340; Conditions are better than year ago when September 2011 saw 4% drop from previous month; September 2012 up a slight 0.2% over year-ago levels – 1st time since May this has happened; Used vehicle demand remains stable.
Off-Rental Volume Continuing to Grow by Double Digits:
Caused compact and mid-size cars and mid-size vans to fall more than other segments.
Since April, Monthly Compact Car Depreciation at 3.2% — More than Any Other Segment:
Overall, prices for 3-year-old models in segment have fallen by average of 16% or $1,800 over this period.
Trucks Continued to Offset Steeper Losses Associated with Cars and Minivans:
But depreciation in September was decidedly greater than what has been seen over past few months